Mount Pleasant, MI · Cert 1597
FDIC
Q1 2014
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2014, the quarter ended March 31, 2014, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Mount Pleasant, MI · Cert 1597
FDIC
Q1 2014
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q2 2012 | Q3 2012 | Q4 2012 | Q1 2013 | Q2 2013 | Q3 2013 | Q4 2013 | Q1 2014 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.17% | 1.15% | 1.12% | 1.35% | 1.28% | 1.24% | 1.11% | 0.80% | -56 bps | |
| Return on Equity | 12.64% | 12.40% | 12.09% | 13.86% | 12.97% | 12.58% | 11.33% | 8.19% | -566 bps | |
| Net Interest Margin | 3.78% | 3.75% | 3.68% | 3.51% | 3.61% | 3.63% | 3.60% | 3.54% | +3 bps | |
| Efficiency Ratio | 55.42% | 55.61% | 56.56% | 62.22% | 62.14% | 62.28% | 64.81% | 72.28% | +1,006 bps | |
| Non-Interest Burden | 1.76% | 1.74% | 1.75% | 1.88% | 1.94% | 1.96% | 2.07% | 2.41% | +53 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 3.41% | 1.25% | 1.70% | 201% | 192.87% | 196.97% | 189.41% | -1.54% | -20,274 bps | |
| Loan Growth (YoY) | 4.52% | 3.09% | 1.68% | 172.71% | 172.28% | 174.67% | 180.52% | 0.83% | -17,188 bps | |
| Deposit Growth (YoY) | 3.56% | 1.35% | 1.97% | 190.58% | 180.86% | 184.43% | 177.27% | -1.69% | -19,227 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.47% | 0.36% | 0.30% | 0.83% | 0.65% | 0.55% | 0.52% | 0.35% | -47 bps | |
| Allowance / Loans | 1.33% | 1.43% | 1.53% | 1.93% | 1.83% | 1.73% | 1.66% | 1.61% | -32 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 12.45% | 12.37% | 12.74% | 14.20% | 13.89% | 14.01% | 13.77% | 13.89% | -31 bps | |
| Equity / Assets | 9.12% | 9.15% | 9.21% | 9.96% | 9.98% | 9.84% | 9.79% | 9.64% | -31 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 80.51% | 79.73% | 77.59% | 73.35% | 78.05% | 77.00% | 78.50% | 75.23% | +188 bps | |
| Liquid Assets / Assets | 3.96% | 2.11% | 4.62% | 5.70% | 2.30% | 2.07% | 1.87% | 4.43% | -128 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |